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Refinance Objectives Change Since Bust
Home refinancing applications drop as interest rates rise
Dec. 3, 2010
By E. SCOTT RECKARD and ALEJANDRO LAZO Los Angeles Times
The appeal of refinancing is quickly diminishing as mortgage rates rise. Among those who do qualify and can take advantage of historically low rates, fewer are extracting equity -- a sharp contrast to activity at the height of the real estate bubble.
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